After expressing skepticism about the potential for a post-halving rally, Bitcoin surprised everyone by soaring to $63,000 on May 4th. This surge also lifted other major altcoins like ETH, SOL, CAD, etc. While exchange volumes dropped by 18%, the overall cryptocurrency market capitalization shot up by 5.11% within 24 hours. People are now curious about what caused this reversal in the market trend and whether it is time for further growth or just a short-lived phenomenon.

The unexpected resurgence of interest in Bitcoin ETFs helped restore investor confidence. Even though JPMorgan had predicted a post-halving price of $42,000 for Bitcoin, the current market situation paints a different picture.

Recent data from the US has injected confidence into investors, leading to $370 million flowing into Bitcoin ETFs. This renewed interest, along with Hong Kong's acquisition of 4,128 BTC in three days, has significantly bolstered the overall confidence in cryptocurrencies.

Cryptocurrency market recovery was also fueled by a shift in the investment approach of institutional clients, including pension funds and wealthy individuals. The accumulation of promising cryptocurrencies during market downturns has played a significant role in the market's revitalization.

Now is seen as the opportune moment for taking action in the cryptocurrency market, which had been stagnant for quite some time. Expectations are high for Bitcoin to set a new record in the coming months.